Unfortunately, you have to. It’s in the Constitution, see the Takings Clause.
During the Revolutionary War, the Continental army caused a lot of ill will by simply seizing supplies from civilians without compensation. The army was desperate. They didn’t have money. So sometimes they just took what they needed.
In response to this, James Madison made sure to write into the Constitution that the federal government cannot take any property without paying its owner the fair market value of the property. The government can take your house in eminent domain if it needs to build a highway, but it has to pay you the value of your house in exchange.
I suppose the federal government could start up its own federal AI initiative, using government-owned data centers. But there’s no way for it to nationalize the AI companies without purchasing them at fair market value. And while there are plenty of things this administration is willing to ignore the constitution for, this isn’t one of them.
Unfortunately, you have to. It’s in the Constitution, see the Takings Clause.
During the Revolutionary War, the Continental army caused a lot of ill will by simply seizing supplies from civilians without compensation. The army was desperate. They didn’t have money. So sometimes they just took what they needed.
In response to this, James Madison made sure to write into the Constitution that the federal government cannot take any property without paying its owner the fair market value of the property. The government can take your house in eminent domain if it needs to build a highway, but it has to pay you the value of your house in exchange.
I suppose the federal government could start up its own federal AI initiative, using government-owned data centers. But there’s no way for it to nationalize the AI companies without purchasing them at fair market value. And while there are plenty of things this administration is willing to ignore the constitution for, this isn’t one of them.